Asia mostly lower amid vaccine development

Wednesday, 12. August 2020 07:30

Shares on the major stock markets in Asia traded mostly lower on Wednesday as investors are watching developments around coronavirus situation. Russia registered the world's first COVID-19 vaccine yesterday while the United States stated it expects to approve its first vaccine by December. Meanwhile, in New Zealand, the central bank decided to hold the cash rate at 0.25%.

The Nikkei 225 in Japan rose by 0.27% at 7:25 am CET. The Shanghai Composite fell by 1.90% at 7:10 am CET and the Shenzhen Composite Index lost 3.08% at 7:26 am CET. The Hang Seng was 0.34% lower at 7:25 am CET. Meanwhile, in South Korea, the Kospi was 0.12% down at the same time. The S&P/ASX 200 in Australia gained 0.41% at 7:27 am CET.

The dollar rose by 0.23% against the Japanese yen at 7:28 am CET, selling for ¥106.7380.

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Breaking the News / TF